europe how stable the political situation — europe how stable the political situation in _ europe hown britain is. have a l situation in britain is. have a prime — situation in britain is. have a prime minister, _ situation in britain is. have a prime minister, very- situation in britain is. have a prime minister, very stable, | situation in britain is. have a . prime minister, very stable, can concentrate _ prime minister, very stable, can concentrate. he _ prime minister, very stable, can concentrate. he got— prime minister, very stable, can concentrate. he got the - prime minister, very stable, can. concentrate. he got the vaccination at least _ concentrate. he got the vaccination at least riqht~ — concentrate. he got the vaccination at least right. then— concentrate. he got the vaccination at least right. then you _ concentrate. he got the vaccination at least right. then you go - concentrate. he got the vaccination at least right. then you go into- at least right. then you go into europe — at least right. then you go into europe and _ at least right. then you go into europe and w

europe eventual he came up with an. vestment program but small businesses like ricardo's felt this help came too late. i've looked all that you foresee in order for you to hold me i would have really liked to have seen a united europe as everyone had predicted a strong union with fundamental coordination see something sort of thing i mean i would have liked to have seen those with more opportunities to help the others a true europe you know key and obviously mineral ok. but in the end it didn't work out that way in which everyone close the borders and said here's a brick wash your own dirty laundry at home you buy the spark you know about the ruling. that really showed us that we can't talk about a single europe will be on the mend i mean think in the ocean with a lot of the old all. anyone who comes to trist can still experience the charm of the old habsburg monarchy. 100 years ago the port city was a trading hub to eastern europe. the iron curtain interrupted the links for decades . now the city wants to return to its

europe we see the port of. leave here they've got to go what they're very dangerous or kouddous and then. a smaller vessel is that with all of them their vessel is they've got to go and they're redistributed. the many other ports. but dock workers are skeptical. only 70 to 80 percent of the containers are transshipped which won't create any new jobs. the profits stay with the owner of the port. the chinese state company costco. none of it goes to the greeks. i think it's all about the expansion of chinese capitalism. the chinese state has a lot of money and this is its way of expanding and asserting its status. its position in the world the fish if. china is a world power you can't overlook that or be indifferent to it. if you walk the industry. and then you walk into streets in shanghai you don't need to do any analysis to understand why countries grow active 0 percent like here and why some other countries a girl 8 or same's i see the cost to china you just see immediately and i've been witnessing in 10 years

all in europe the chinese. judge in the city is assigned ologist and author who lived in china for 6 years and observed the events around the new silk road development with a critical eye. she thinks the italian government was trying to create an economic advantage for itself but underestimated the plant's political dimensions. but a lot of thought the ricotta he acknowledged mines of this political project by a member of the g 7 had a great propaganda value also in china itself i think a propagandist the kind that an offer of this the new silk road is quite clearly and economic project and like all projects in history in china and the usa it's not in that of charity they are pursuing that own interests and. it's obvious that china is trying to gain a global foothold through key infrastructure investments such as for. trade yes to the north east of italy could also become an important logistical center for the chinese. francesco party z. is a businessman who's currently planning to bring a new investor on board

in the middle east and europe and elsewhere.hile the united states is undergoing a thorough review of our force posture around the world, i have ordered the halting of withdrawal of american troops from germany. i am also lifting a cap imposed by the previous and administration on the number of u.s. forces able to be based in germany. i know the past two years have strained and tested our transatlantic relationship, but the united states is determined to reengage with europe. to consult with you. to earn back our position of trust and leadership. earlier today as was referenced, i participated in the first meeting of the g7 leaders, where i spoke about the dire need to coordinate multilateral action to address covid-19, the global economic crisis, and the accelerating climate crisis and so much else. achieving these goals is going to depend on a core strategic preposition, and that is the united states must renew america's enduring advantages so that we can beat today's challenges from a position of strength. that means building

to china and usa and europe can be the 3rd key player in the global arena i hope that's what europe decides to do things better. politicians in rome are also gradually turning against china. human rights violations haven't been a reason to cut down on business so far. but world wide criticism is growing. these 3 members of parliament are part of a cross party alliance on china. they want to see a tougher stance towards beijing. when you make an economic agreement with a country that doesn't respect human rights you are dealing with human rights because it means that you don't care much we need that utopia he needs to defeat another single counter each of the so you are peas already too small to add up real early with china all together but one single country can't have a stronger relationship with china and that's true so if you google in debt interaction . as equally it's sure that you will lose that relationship so i believe that is the most important mistake. above and beyond party politics be the left wing centrist. conservative what unites these politicians is the worry that eu

in europe, they are talking about 4%.ckage is pretty weak compared to its competitors. very difficult to compare because the uk has been a bit more generous on the support scheme. which bucket do you put this money into? the question will be, as stephanie was saying, the lesson from the financial crisis was that those who did more earlier did better. if biden's saying, "i can't spend too much", people would say that the lesson in the uk was that we didn't fix our banks quickly enough and the us did. most economists would say the risks are on doing too little, not doing too much. fascinating. let us go to europe, where growth has been sluggish and unemployment, especially amongst the young, has been high for a decade now. will the pandemic exacerbate the problems in the european economies? will it open up structural cracks in the eurozone? with very different budgetary positions in the respective nations, will the response in europe be further integration, of taxation, for example, or will the crisis lead to further divisi

come to europe.ummer in france can — it will be marvellous this summer in france can you _ it will be marvellous this summer in france. can you imagine _ it will be marvellous this summer in france. can you imagine not- it will be marvellous this summer in l france. can you imagine not spending a holiday— france. can you imagine not spending a holiday in— france. can you imagine not spending a holiday in france?! _ i'm vaccinated, i will go to france. i'm coming with you, if that's all right? even though stephanie can come with you. simon, what about you? i spent the last two days with my 18—year—old, she is about to finish her a—levels, looking at places in greece. what we were looking for is, can we refund this if we can't go? that was the big issue. we are all doing our bit to boost the european economy this summer if we can possibly get to the mediterranean. my thanks to marc roche, stephanie baker and simonjack. that's it for dateline london for this week — we're back next week at the same time.

flexing its muscles from the middle eastern europe from cyberspace.from afghanistan to the persian gulf the us remains deeply in tangled in conflicts it doesn't know how to result. in europe it faces allies so disillusioned that they're hedging their bets on america pushing the future of the western alliance into question. but in the contest for global power and influence one challenge overshadows all of us in china a new superpower has risen. one with the military might to challenge the west. and an economy. that's the envy used to well . as washington takes it on the brink in general trying to turn into one china with his clique. or the phrase how in i.p.c.s. found. america so diminished that china can take stock that is faction in the states of its democracy think for a moment just how far the tables of me turned just 30 years ago george bush sr hailed in america triumphant it did wonder the cold war it was in charge no substitute for american leadership in the face of terror and no one doubts american credibility and reliability no one without pow

because i believe in the global system, europe and the u.s. together with our allies in the indo pacific worked so hard over the last 70 years. we can own the race for the future. but to do so, we have to be clear eyed about historic investments and the partnerships that this will require. we have to protect for space for innovation, for intellectual property, and the creative genius that thrives with the free exchange of ideas in open democratic societies. we have to ensure the benefits of growth are shared broadly and equitably, not just by a few. we have to push back against the chinese government's economic abuses and coercion that undercut the foundations of the international economic system. everyone must play by the same rules. the u.s. and european companies are required to publicly disclose corporate governance structure and abide by rules to deter corruption and monopolistic practices. chinese companies should be held to the same standard. we must shape the rules that will govern the advance of technology and norms of behavior in cyb

a double-dip recession in europe? as you can see, they continue that spread, it continues to track lower and lower. joining us from london is jane foley, head of fx strategy at rabobank. we've got $1.2030 on euro-dollar at the moment. the data out of the states is sensational. europe is struggling to catch up. do you think the euro deserves to be at $1.20 in the near term? jane: i have been looking for one dollar 20 cents, but to be honest, i think the euro has had some good news as well. we have draghi at the head of italian politics, and that is certainly something that the european markets will welcome. yes, the vaccine news we have had today from europe is good news after all. we have had germany announced earlier in the week that it will be opening up some of those restrictions, and some of those numbers, with respect to covid cases, they are not as bad as the numbers we have presently in the u.k. either. we have a much more rolled out vaccination program. so it isn't all bad, but i do think that we are going to

flexing its muscles from the middle eastern europe to cyberspace. from afghanistan to the persian gulf the u.s. remains deeply in tangled in conflicts it doesn't know how much were sold. in europe it faces allies so disillusioned that they're hedging their bets on america pushing the future of the western alliance into question. but in the contest for global power and influence one challenge overshadows all of us in china a new superpower has risen. one with a military might challenge the west. and an economy that's the envy of the world. as washington takes it on the brink general trying to turn one china looked on with obvious glee. with a veto in i.p.c.s. found 28 year that she may 1 day mean america so diminished that china can take sarcastic satisfaction in the state of its democracy think for a moment just how far the tape. tunde just 30 years ago george bush sr hailed in america triumphant it had won the cold war it was in chunks no substitute for american leadership the president carry no one american credibility and role ayatollah but no on

russia is part of europe.hink this is very important whatever happens on this part of the horizon, a big part of the world. clearly the history of president putin and other leaders, they have common values. history, literature, culture, mind set. and we have to take that into consideration. second, we have our geography. it's impossible to have peace and stability in europe today if you are not in a situation to negotiate with russia. and for different reasons, largely due to aggression and the nato expansion, we created a situation where we pushed our borders to a maximum place at the east, but we didn't manage to decrease the border. i think our we should find a common way to build peace and security for the whole continent. which means, having a dialogue on cyber aggressiveness, obviously, on any aggression, on our critical countries, i would say, in this very sensitive area where you have ukraine. we need a political discussion with russia about that. otherwise, it will be our willingness to protect and ou

chinese gateway to europe start feb 19th on d w. play play. this is d w news a live from berlin prosecutors rest their case in the 2nd impeachment trial against donald trump they're urging senators to convict the former president for inciting the storming of the capitol on january 6th they say the violent mob was acting on his orders to try to stop the certification of joe biden selection and will go to our correspondent in washington for more also coming up on the shaft and south africa the president is promising that no.

europe eventual he came up with an. vestment program but small businesses like ricardo's felt this help came too late. i would have thought could you foresee the whole me i would have really liked to have seen a united europe as everyone had predicted a strong union with fundamental coordination. or something one of the i mean i would have liked to have seen those with more opportunities to help the others a true europe you know he and i was in the middle ok. but in the end it didn't work out that way in which everyone close the borders and said here's a brick wash your own dirty laundry at home by the spark you know about the reading . that really showed us that we can't talk about a single hero. in the meantime into an ocean and with a lot of the overall. anyone who comes to trist can still experience the charm of the old habsburg monarchy. 100 years ago the port city was a trading hub to eastern europe. the iron curtain interrupted the lanes for decades . now the city wants to return to its former glory and is hoping

this is "daybreak europe." i am annmarie hordern in europe with manus cranny in dubai.strazeneca is planning to deliver an additional 9 million doses as they try to get the chaotic vaccination drive back on track and it brings the total to 40 million, half of what the e.u. had expected to receive from the drugmaker by march. ursula von der leyen last night called it "a step forward on vaccines." she added that astrazeneca would deliver the doses one week earlier than and. esty dwek is still with us. i want to get into your thoughts on the e.u. vaccination campaign. the numbers say the e.u. administered 2.6 doses per 100 people, compared to the u.k.'s 12.5 and the u.s.'s 8.8. we know the u.s. is talking about a big stimulus plan. you were addressing that earlier. what does this mean for the european union? they are the last in line out of these three big economies. esty: absolutely. we are talking fiscal stimulus, talking about biden's. you know he has two packages in mind. as we move on from this conversation, some of the european countries, there's talk of starting to

to our nato alliance and i welcome your europe's growing investment in the military capabilities that enable our shared defense you know to me and to the united states the us will keep article will keep faith with article 5 it's a guaranteed an attack on one is an attack on all that is are on shakable vow and the only time article 5 has been invoked was after the united states was attacked on $911.00 you our allies joined us to fight al qaeda and the united states committed to consulting closely with our nato allies and partners on the way forward in afghanistan my dh ministration strongly supports the diplomatic proc the process is underway and to bring an end to this war that is closing out 20 years we remain committed to ensuring that afghanistan never again is provides a base for terrorist attacks against the united states and our partners and our interest our european partners have also stood with us to counter isis just this week nato defense ministers and door significant expanded training and advisory mission in iraq which will be vital to the ongoing fight against isis we can

how can we as a major economic power in europe contribute to nonproliferation? how can we help restore negotiation on the iranian nuclear program? it is important to israel, the united states, very important to us. my own country is a nonnuclear country, we don't like new nuclear powers whether in europe or southeast asia or elsewhere in the world. >> host: one of the things that fascinates and perplexes americans when they look at european strategic discussions, the franco german relationship and we sometimes don't understand where you agree and where you disagree. in some ways it seems as germany is calling for more strategic autonomy in europe and france is calling for this and the time of charles they gaulle, in some ways the views are closer than before and yet it also seems some very significant differences remain so how would you explain to a bunch of us poor perplexed americans what is this debate and how should we understand it? >> guest: it is a very interesting debate but it is more a debate about concepts than substance. let me be very clear. in germ

chinese gateway to europe start feb 19th d.w. . this is d.w. news and these are our top stories the german foreign minister has rejected a french request to send additional troops to the african side held region saying more development projects on the ground what's needed instead he saw hill is struggling to contain an insurgency by islamist terror groups france has more than 5000 troops stationed there to assist security efforts. france's lower house of parliament has approved a controversy over bill aimed at curbing islamic extremism legislation expands the state's ability to close places of worship and the banned individual preaches but critics say the bill stigmatizes muslims and limits free speech it still needs to pass the senate. thousands of protesters have taken to the streets of boston munna to demand the release of a popular spanish police arrested public hostle after he was given a jail sentence for glorifying terrorism and insulting royalty in his songs last friday he missed the deadline to surrender to colleagues. this is a deadly

than there is in europe. there has always been the skepticism around what europe can only do on the fiscal side versus what the u.s. can do. covid trends, we were really expecting heading into this year in europe. all of those together create more optimism around the recovery in the u.s. then we have had in europe. the sad thing i would say is that in europe, there is -- investors are stuck and there is no inflation mindset. we have seen this commodity upswing. even in europe, we have not seen nominal rates captured as much in europe as we have in other currencies. guy: christine lagarde was saying we are a long way away from having to worry about inflation in europe. how long do you think it is? is there anything in the forecast horizon that suggests the ecb is going to get anywhere close to 50%? imogen: i think we have a more bullish outlook on inflation through this year. we think inflation could get to 1.5% by the end of this year. over a reasonable forecast horizon, i think we are talking about a reducti

it's "daybreak europe." a huge day for covid results across europe. we will speak with unilever and the cfo of deutsche bank. the treasury curve steepen spirit stimulus expectations rise. loretta mester says policy is in a good spot. james bullard does not suggest tapering just yet. u.k. officials say the nation has passed the peak of the latest virus wave. attention now turns to the bank of england's role on decision day. we are waiting for the deutsche bank numbers. we have had lots of bloomberg scoops this week. the trading, those meat-eating bond traders. commodity and equity traders on wall street with a fairly robust investment banks set of numbers. let's see if that is what they deliver. we are looking for that revenue on the investment bank of $1.4 billion. good morning. annmarie: steven arons with this group before the results this morning. the ceo is really leaning into the trading department in order to be able to bring some profit back into deutsche bank. it's going to be interesting to see what they performed today because of course we al

partnership between europe in the u.s. in my view is and must remain the cornerstone of all we hope to accomplish in the 21st century. just as we did in the 20th century. the challenges we face today -- the challenges we face today are difference. -- are different. when i spoke to you, the global dynamics have shifted. new crises demand our attention. we cannot focus only on the competition among countries that threaten to divide the world or only on global challenges that threaten to sink us altogether if we fail to cooperate. we must do both. we must work in lockstep with our allies and partners. let me a race any lingering doubt. -- let me erase any lingering doubt. we will work closely with our european partners across the continent, from round to riga, to meet the range of challenges we face. we continue to support the goal of a europe whole and free and a piece. --at peace. the u.s. is fully committed to our nato alliance. you know, to me and to the u.s., we will keep faith with article five. it is a guaranteed. -- g

europe has ordered around 2300000 vaccines for 448. citizens and the population which is one to 5 u.k. has over 400000000 vaccines for its 68000000. population which is around 6 vaccines to once it isn't and this is exactly what troubles me when we look into the global situation where we have regions where they don't have even just a vaccine proceeds and or let alone. twice and so on so i think. the idea of sort of dirty of the e.u. that is the way how we should also handle on a global way although i know that some countries have been more aggressive like the u.k. or trump or the. right and also how they dealt to beginning with the price politics and so on so there are so far successful but when we think oh no more regional and global weight national. solutions were never the best way to deal with spending make alexandra staying in europe just for the time being would you say that brussels and e.u. member states have done enough to ensure equity of distribution of the vaccine with in europe. i think yes that's what was the goal of goin

has been living in europe since 2007. his 2 kids were born here in belgium and they called the country home. just one example of how much has changed since you arrived in europe. from all those turned out for 5 clubs in belgium most recently spent 4 years with the small of the to bruges based 1st division clubs. as a kid in my didn't i would be a place like this. now. you can come from training and just pick up. whatever you choose you know and going there you could not we played with the beginning one where no shoes even the boys you know. the boys the. good boys at home with me. you know and it was just fun just to distract us from everything that's going on around you it was. an escape. all the trash is from all over on it all because not everyone thought. you know. we. just go next to me so we used plastic bags for the garbage to make. my friends you know stopping for trying to go into the dump good things so then. yes it became a. part of our lives. there's a saying in kenya nothing good comes from dunder. what worri

and europe when and if it happens. kailey: we were speaking to peter about an hour ago, -- about half an hour ago, he said he was worried about inflation and the potential that for the markets, you could overshoot on the stimulus front. do you agree? is it possible to go to two big -- to go to big -- to go too big ? >> i'm skeptical, obviously we will get inflation, probably going to 3.1 by may. but what the stimulus does potentially do, the risk is not going to come from the slack in the system, i think the risk on inflation this year is for the expenditures switching back from goods to services. those are going to be some large increases. we have assumed that travel and apparel is going to in greece -- to increase prices. if they increased by an additional five percentage points, you have to increase cpi. provided there's a lot of demand and stimulus and people have spending power, those sectors that will already benefit from the vaccines will feel that pricing power. so there is scope for them getting much more of a

bend more intense and fair trade between us and europe and this is for example something where we. the problems i detest it's i think and therefore we have to walk out on the people you can hire and foreign policy spokesman of the christian democratic party thank you. germany is marking a year since 9 people with immigrant backgrounds were killed in a racist attack that shocked the country the victims were gunned down in the western city of homs by a far right extremist who later turned the gun on himself now after a year long investigation relatives of the victims say they still have more questions than answers. the bells of one else churches ringing out and remembrance of the 9 that lost their lives but for friends and family of the victims they still deal with the grief daily. basis on young here today it's been exactly a year since my son and 8 other young people write that he became victims of a racist terrorist attack and to launch locks were. on the night of the 19th of february 2020 shots rang out in the heart of how no. man entered 2 bars and opened fire killing 3 people b

and europe, market cap gdp is three times higher than europe.ck capital in europe, and there are concerns -- my appointing partner share the vision to bring capital come and we chose naturally the -- francine: the world has capital in abundance. many people are starting spac's. why -- what would set you apart? jean-pierre: there are two strategy point concerns. with two partners, while they focus on financial sectors, when we will do, what we can bring to a company is experience of the financial sector and digital transformation, regulatory, and long-term vision and the ability to work with -- francine: which areas of financial services do you now consider undervalued? jean-pierre: within the financial services, the -- that has been taking place than it been actively directed by the crisis, you can see in subsectors insurance, pin tech, and financials, that the need for all of them to reach critical size on one side, and traditional asset management need to reach the critical side of asset management in europe. [indiscernible] concentrating on m

welcome to europe. it has been a bad year _ welcome to europe.s been a bad year for travel lovers. - a bad year for travel lovers. but the pandemic has not stopped everyone. we are here to meet some people who have been blogging about their journey to europe. they are not your typical travel bloggers. that arabic word means someone who burned through borders. they are undocumented migrants passing illegally into europe. over the last few years, this group of unorthodox travellers have made a corner of youtube their home. a place where they can document their wild journeys forfriends can document their wild journeys for friends back in morocco. but are these stories of adventure and encouraging other people to make a difficultjourney? orare other people to make a difficultjourney? or are they just providing a service, showing the hardships of migration so that others will not make a fatal mistake? it is may 2020. five years after the migrant crisis that led the eu to secure its borders. but that has not stopped this man. he is in greece without a

spoke with any peaceful and your heart about to europe's position. as she is a member of the delegation of relations with countries of southeast asia and joins us from brussels. but a european parliament advice about the situation in myanmar just this week and just 15 minutes ago i voted on our joint resolution on on the situation in myanmar and it's clear that that you must act and support the protesters that are demanding that the democrat is a nation process in the country continues and that the military returns the power and the european parliament is very clear we're calling for support to the u.n. to get access to the country and of course the e.u. is not a big diplomatic power but we are an economic power where the 3rd largest trading partner of myanmar we need to expand sanctions against the military and that are responsible for the coup and we need to suspend the preferred access.

in one hand and this will say europe and within europe there are many different countries that have different takes on the china strategy for example germany is in comparison to the u.s. is more i would say any and more open to what's china because germany sees a lot of business interest in china and it has a very. strong trading relationship and i think germany's always called for example merkel she's always caught in between. protecting business interests versus the human interests and human rights and democratic values and i think that europe is deciding how much their way. will we prioritize business trade economic development with china or will we take a step back and look at the human rights situation in in china terms and you're nodding a re i mean the bottom line is the path to a united or any kind of coherent european china strategy or policy goes right through berlin berlin is going to be determinant as it was in the case of the comprehensive investment agreement and it has to strike that balance between its economic interests which are growing with china and dependencies and the hu

the paradox here is that europe probably would not have. taken any strong positions or made any astro statements had russia not arrested them while they the way they did it as soon as he stepped off the plane so i find it a little bit puzzling i think that if europe wanted to keep sorry if russia wanted to keep europe away from its domestic life from making comments and saying things then they should not have done that i mean they must have understood but if not why they flawless in from their main i mean attention will be banned if they arrest him and then there will be western reactions deliberately done and managed and why i don't know you know it's a very good point that we've been asking the very same question there's also the nord stream to natural gas pipeline between russia and germany it's almost completed and it has become politically very explosive the german government as you know stands behind the project the united states says the pipeline threatens european energy security this is what the white house said today about the pip

there's you know washington there's us in one hand and this will see europe and within europe there are many different countries that have different takes on the china strategy . for example germany is in comparison to the us is more i would say any and more open to what's china because germany sees a lot of business interest in china and it has a very. strong trading relationship and i think germany's always called for example merkel she's always caught in between. protecting business interests versus the human interests and human rights and democratic values and i think that europe is deciding how much their way. will we prioritize business try economic development with china or will we take a step back and look at the human rights situation in china turns and you're nodding a re i mean the bottom line is the path with a united or any kind of coherent european china strategy or policy goes right through berlin berlin is going to be determinant as it was in the case of the comprehensive investment agreement and it has to strike that balance between its economic interests which are grow

jonathan: europe doesn't want a stronger currency. europe doesn't want higher yields.hairman is comfortable with what he sees at the moment. when do we start to thing about the feedback loop if this continues? tom: it could be a deflation spiral or a feedback spiral. jonathan: don't get lisa started. lisa? she's letting ago. lisa: carry on. jonathan: all right. coming up in the eight a clock a.m. our, -- in the 8:00 a.m. hour, david malpass, world bank president. this is bloomberg. ♪ karina: in new york with the first word news, i'm karina mitchell. new research says the pfizer/biontech vaccine could help end the pandemic. the study was published in the latest edition of the new england journal of medicine. meanwhile, capitol hill, the fate of the democrats' proposed $15 an hour minimum wage maybe in the hands of the senate parliamentarian. it is part of the $1.9 trillion stimulus bill, but the parliamentarian needs to determine whether it is allowable under the rules of debate. the president has revoked a series of executive orders and memos issued by paul former pres

and europe.hey've nina -- they haven't taken into consideration of climate change, and inequality issues. to be frank with you. it means also as well, while i do endorsed have any regional trade agreement with countries or region, which does not comply with the paris agreement, but we also have to assess the pros and cons of this agenda. so, it should be must more sophisticated, but more than that. what we should work on very actively, or together in the coming months and years, it's to build a common agenda between the world trade organization, the eye a low, the imf and our multi lateral regulation of climate change and biodiversity. putting phase are different tracks and agenda, is the only way to build the new sustainable openness and trade agenda. let me go to the second question, about our youth and this new generation. i share your concern and your willingness to i dress this issue to this generation. i have to say that, this generation probably understand much more than ours the importanc

and europe is going to be. there's europe owing to be six months behind -- is europe going to be six months behind all the way along? mark: we are looking at growth 7% '21 having declined by 2.5% last year in the u.s. if you do the math, it puts the u.s. in a situation where it has closed its outlook cap by the later part of this year. eurozone, we don't think you are closing that outward gap until the end of 2022. a year behind in this. certainly, there is a sense in the u.s. there are further plans beyond the current covid package to spend on infrastructure and green technology. we could well see over a number of years a period where the u.s. is going for it on fiscal policy and the big question in europe is -- is there enough budget reform after the elections are out-of-the-way in september so that further fiscal initiatives can mirror those in the states? alix: pretty staggering assessment, considering eight months ago the narrative was europe would outperform. they had their handle on the virus battle. how

that could be why europe is holding back on criticism. europe is looking to the u.s.ith new president biden. he has made a clear human rights will be a big part of his foreign policy agenda. they are talking about working together in a coordinated approach toward turkey. you speak to people and the ngo's, opposition parties, which claim they are increasingly targeted for persecutions. the silence from europe is alarming. a feeling of abandonment from many i have spoken to. phil: turkey is a member of the court of human rights, which called for osman kavala's immediate release. how has turkey been able to disregard that? dorian: president erdogan dismissed it out of hand. they say it was basically wrong. that has been echoed by the court which rejected the european court's ruling, even though the european court is a higher judicial body than any in turkey. they have no powers to enforce their decision. turkey feels it can act with impunity. phil: thank you. now to syria, where displaced people in the country's northwest face increasingly desperate conditions. with ongo

the christian democratic party here in germany welcome mr hart do you believe that time is between europe and the u.s. can be fully restored or is some of the damage that we saw under the trauma administration permanent we have totally new and different moods in the transatlantic cooperation now. i believe that joe biden states to this commitment too much let risen to europe as a drum somebody partner and what we heard yesterday. we appreciate it very much but we also know about a lot of talks we have we will close together and plan that we were up close together and security issues but we also have to grow close together in facing a bitrate and political challenge from china and russia and this is maybe more complicate and to only continue the policy that we have for example was obama to set us right so you mention the contentious issues where the u.s. and europe perhaps are still wide apart how can they bridge their differences though on things like china or defense spending. in defense spending i think we came in a huge step forward and president by yes they mentioned that europe is 3

he is the man that europe needs as well. we need more stimulus in europe.f we don't, the growth gap between europe and the u.s. is going to continue to widen. so more ambitious policy needs to be done in europe. in that sense, mario draghi can be a huge help. i think supporting macron and merkel while she is there. great addition to the club. the problem is obviously how long he will be able to govern and how long he will stay at the helm of italy. these are big questions, obviously. let's hope that he will be able to put a consistent policy in place for a certain number of years. we know how italian policy works, as you said. there is, unfortunately, a big headwind on that front. annmarie: we certainly do. there has been a new government basically everyone .4, 1.2 years since he became a country. thank you so much for your time. coming up, tiktok rival surges on its hong kong debut. demand for the short video shard tart up attracting a record amount of interest from retail investors. if that's next. this is bloomberg. ♪ want to save hundreds on your wirele

and europe. and that's the latest business update here on d w 4 more you can always check out our website at www dot com slash business or follow us on social media from in the team thanks for watching. or not to well. what about assuring the economy instead. of. the change in thinking is changing the economy to create something new. for the economics magazine maybe in germany. next on. we've got some hot tips for your bucket list. manticora. concert for food. and some great cultural memorials to boot. d.w. trouble we go. remember how almost every 2nd show about hero made was about digital disruption we used to collectively gaze into the future in the hope of a better more efficient life with less work and most spare time allowing tech to take care of things the problem was government said companies dragging their feet refusing to adopt anything.

europe has signed a trade deal with europe -- with china. and if the u.s. policy on china or keeps it as it is, will the more mercantile approach that europe is taking deliver dividends? >> in a sense, there is an underlying desire of all parties to say more normalized trade situation. in that sense, europe is an ally in the sense that it does want to see the normalized trade situation. for all of trump's volatility and for all of the bizarre way in which he approached the negotiation with china, he had some valid points as far as the unfair trading practices within china and you could level those arguments in terms of the undervaluation of germany within the european bloc. those problems are easier to set aside for joe biden than the problems you would associate with china, particularly what it boils down to is the chinese support for the space and sector through subsidies in different ways the government supports and for e.g. jinping, -- and for e.g. zhongpin, -- if they take away something from the u.s. economy in the process of giving to the chinese eco

west talks amongst itself the us president has the 1st word and he delivered what his partners in europe wanted to hear america is back the transatlantic alliance is back and joe biden was clearly about america's core mission. for most prepared gather for a long term strategic competition with china tricky for germany whose economic recovery from covert is made in china it angela merkel says she's ready to take on the challenge with a no tipping softer tone and you know how the new look. over the past 2 years china has gained global power and we have to set something against that as a transatlantic alliance and as democracies and that's why the question of not just china and russia getting vaccines to developing in other countries is very important. and the fix them stand there isn't $51.00 but a man i might call ruins that america's interests were no longer always the same as europe's and spoke about his favorite theme of european sovereignty and europe 0 been union its key members have to be part of the solution of their own security. french and german interpretations of sovereignty ma

but in europe.role of the capital markets since the covid-19 crisis, apparently people have more time to invest. that in itself is a beneficial development. at the same time that you would hope households are doing that for the longer-term, and you can question how the participation in such cases such as gamestop fit into a longer term financial plan of a household. we have seen a limited number of investors stepping into the stocks, and separately stocks in the eu have been affected. interestingly is that the shortselling positions had an important role. there is more transparency in europe around short positions. what we have seen in the eu is the reduction of these short positions, the ones reported, and possibly as a reaction of what we have seen in the u.s. anna: can i get your thoughts on the brexit conversations. a memorandum of understanding is being sought between the u.k. and the eu on financial services by march, which is not far off. what expectation around equivalence and the timetable

to the people stranded here have placed all their faith in europe actually does europe have an answer. the question needs to free and we cannot be content with our european migration policy to get we don't really have one of the zionist was the what the e.u. has delivered to date is an absolute disgrace to european values arm silly absolute obscene. september 2023 days after flames engulfed morea thousands of huddled on the streets outside a discount supermarket we're looking for fire you can she's only 11 and has spent the last year with her parents and 2 siblings in the morea refugee camp like most people here she and her family fled afghanistan now after the fire they don't have everything that they had. the camps residents take to the street they want freedom they want out. the police try to contain the situation but it's battles out of control it said the stones were thrown the police respond with teeth gas. they fired tear gas even at the small children their eyes were full of tears. now the nosedive family 2 adults 3 children are on the straight. and gentlemen everything was on

located in the heart of europe are connected to the whole world. experience outstanding shopping and dining offers and try our services. biala gassed at frankfurt airport city managed by from a bought. this is e.w. name is a live from berlin prosecutors rest their case in the 2nd impeachment trial against donald trump they're urging senators to convict the former president for inciting the storming of the capitol on january 6th they say the violent mob was acting on his orders to try to stop the certification of joe biden selection was our correspondent in washington for more.

has been patching at best with deliveries from some manufacturers falling short of what was agreed europe is squabbling with the pharmaceuticals industry over who's to blame some poor countries find themselves shut out altogether in the vaccine scramble and many of their citizens may have to wait as long as years to get the job the world health organization warns no one is safe until everyone is but how do we ensure access for all the race for covert vaccines rich against poor. welcome to the point it's my pleasure to introduce our guests beginning with some economists he is head of migration and diversity at the. tone and he says what this pandemic demonstrates once again is the global epidemic of injustice that we never manage to bring under control. and i'm very pleased to welcome to the program from. he is president of the world medical association and he thinks the vaccine was developed in record time supply chain bottlenecks are perfectly normal vaccine for hundreds of millions of people is it something. just from thin air. and we're very pleased with us joining us from brussels. an

of a post-war europe but that overlooks the reality of europe at the stage in the war if we look at the blue on the east side of the map. this is all the red army. occupies and controls and this is going to be the thing that's going to shape. the european settlement much more than whether or not the americans take berlin or the soviets. take berlin because what truman's going to have to wrestle with. is the reality of the auto agreement in this conference happened in february of 1945 and it's between roosevelt who seated in the middle? churchill who is on the screen's left roosevelt's right and stalin who's on the screen's right roosevelt's left. this is the big three and they're coming to discuss what a post-war europe is going to look like who is going to be responsible for occupying which countries and what are these occupied countries? going to do how do we move them from liberated and occupied? to autonomous and independent and one of the things that the alta conference codifies is self-determination that the countries of a newly liberated europe. should be able to determine their

some of the risk momentum from asia coming over to europe and asia -- europe and u.s.imulus, the virus, and the vaccines. manus: the u.s. is pounding ahead. i like the upgrade that tesla got. a big night. big tech has to deliver big results if they want to stay in the game and avoid a hashtag. annmarie: is there contagion? it seems like it is idiosyncratic. manus: lovely word. tomorrow, less racing and more markets. this is bloomberg. ♪ anna: good morning and welcome to "bloomberg markets: european open." i am anna edwards live in london, the cash trade is less than an hour away. interest in gamestop shares plummets, it runs into a roadblock. has the retail many run out of steam? global stocks are risk on in hopes of u.s. stimulus